Fannie Mae-No Politics (FNMA)

[obiterdictum]

The markup on Tuesday may be composed of offering the Johnson-Crapo discussion draft as an amendment in the nature of a substitute

An amendment in the nature of a substitute is an amendment that is offered to replace the Corker-Warner text in its entirety with Johnson-Crapo's text in full.

This would explain why Corker-Warner is scheduled for markup; why the Johnson-Crapo text has not been submitted as an official bill referred to committee and archived; why the discussion draft retains the same bill number and title (the exception of the year) as Corker-Warner and; the fact that the heading material says Amendment No. and Purpose: In the nature of a substitute .

So, on Tuesday, April 29th, Johnson-Crapo's amendment in the nature of a substitute will be submitted and possibly voted on for acceptance as a complete substitute for Corker-Warner.

Will there be other amendments to Corker-Warner offered on Tuesday? Will there be amendments to the johnson-Crapo amendment in the nature of a substitute?

Will there be a vote for acceptance or denial of the substitute bill amendment and any additional amendments to Corker-Warner or the Johnson-Crapo amendment in the nature of a substitute proffered on Tuesday?

"Well, here's another nice mess you've gotten me into"

IMF, their veteran lobbyists and other journalists could easily have reported this but they did not.

Source:
Johnson-Crapo's amendment in the nature of a substitute
http://www.banking.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=512757b1-e595-4b85-8321-30d91e368849